Answer:
CLASS FREQUENCIES RELATIVE FREQUENCIES
A 60 0.5
B 12 0.1
C 48 0.4
TOTAL 120 1
Step-by-step explanation:
Given that;
the frequencies of there alternatives are;
Frequency A = 60
Frequency B = 12
Frequency C = 48
Total = 60 + 12 + 48 = 120
Now to determine our relative frequency, we divide each frequency by the total sum of the given frequencies;
Relative Frequency A = Frequency A / total = 60 / 120 = 0.5
Relative Frequency B = Frequency B / total = 12 / 120 = 0.1
Relative Frequency C = Frequency C / total = 48 / 120 = 0.4
therefore;
CLASS FREQUENCIES RELATIVE FREQUENCIES
A 60 0.5
B 12 0.1
C 48 0.4
TOTAL 120 1
Answer:
b
Step-by-step explanation:
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Answer:
The cutoff sales level is 10.7436 millions of dollars
Step-by-step explanation:
Problems of normally distributed samples are solved using the z-score formula.
In a set with mean
and standard deviation
, the zscore of a measure X is given by:

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.
In this problem, we have that:

15th percentile:
X when Z has a pvalue of 0.15. So X when Z = -1.047.




The cutoff sales level is 10.7436 millions of dollars